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China announces it seeks 'calm' end to trade war, as markets tank and currency hits 11-year flatline


Added 08-26-19 01:29:01am EST - “China signaled on Monday it was now? seeking a rapid end to its trade war with the U.S., as Asian markets crumbled and China's currency plummeted to an 11-year low following the latest tariffs announced last Friday by the Trump administration.” - Foxnews.com

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Posted By TheNewsCommenter: From Foxnews.com: “China announces it seeks 'calm' end to trade war, as markets tank and currency hits 11-year flatline”. Below is an excerpt from the article.

This material may not be published, broadcast, rewritten, or redistributed. Β©2019 FOX News Network, LLC. All rights reserved. All market data delayed 20 minutes.

The Heritage Foundation research fellow James Roberts weighs in on President Trump's approach to trade policy with China.

China signaled on Monday it was now seeking a "calm" end to its ongoing trade war with the U.S., as Asian markets crumbled and China's currency plummeted to an 11-year low following the latest tariffs on $550 billion in Chinese goods announced last Friday by the Trump administration.

News of the possible opening in negotiations came shortly after President Trump threatened to declare a national emergency that would result in American businesses freezing their relationships with China. Trump's tariff barrage on Friday was a response to China imposing its own retaliatory tariffs on $75 billion in U.S. goods.

At the Group of Seven summit in France on Sunday, White House officials rejected suggestions the president was wavering and insisted that his only regret was not implementing even more tariffs on China. Trump wrote on Twitter that world leaders at the G-7 were "laughing" at all the inaccurate media coverage of the gathering.

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